SOLID IT CONSULTANCY
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 15-06-2026 at the NBB all 15 filings
Turnover
≈ €160,000
Estimated: probably between €140,000 and €210,000
Total assets
€506,773▲ 125%
2024 · €225,503
Net result
-€54,502
2024 · €29,603
Working capital
-€105,888
2024 · €1,923
In the rankings
#8 company by total assets in Wijnegem, Telecoms and IT sector#9 oldest company in Wijnegem, Telecoms and IT sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€40,820
2025
20182025
Net result
-€54,502
2025
lowest quarter of the sector
20182025
Equity
€57,232
▼ 48.8%
2025
middle half of the sector
20182025
Total assets
€506,773
▲ 125%
2025
highest quarter of the sector
20182025
Debt
€449,541
▲ 295%
2025
20182025
Working capital
-€105,888
2025
lowest quarter of the sector
20182025
Solvency
11.3%
▼ 38.3pp
2025
lowest quarter of the sector
20182025
Current ratio
0.40
▼ 0.62
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-10.8%
▼ 23.9pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
2.2
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€7,284-€13,982▲ 91.9%€12,253▼ 12.4%€2,528▼ 79.4%€34,057▲ 13×€22,767▼ 33.2%€45,584▲ 100%-€40,820
Net result€2,187-€8,503▲ 289%€6,178within the sector's middle half▼ 27.3%-€1,781below the sector's middle half€21,067within the sector's middle half€13,245within the sector's middle half▼ 37.1%€29,603within the sector's middle half▲ 124%-€54,502below the sector's middle half
Equity€57,028-€65,531▲ 14.9%€71,709within the sector's middle half▲ 9.4%€69,928within the sector's middle half▼ 2.5%€70,552within the sector's middle half▲ 0.9%€83,797within the sector's middle half▲ 18.8%€111,734within the sector's middle half▲ 33.3%€57,232within the sector's middle half▼ 48.8%
Total assets€192,424-€179,886▼ 6.5%€185,409within the sector's middle half▲ 3.1%€169,531within the sector's middle half▼ 8.6%€235,244within the sector's middle half▲ 38.8%€207,055within the sector's middle half▼ 12.0%€225,503within the sector's middle half▲ 8.9%€506,773above the sector's middle half▲ 125%
Debt€135,396-€114,355▼ 15.5%€113,701▼ 0.6%€99,603▼ 12.4%€164,691▲ 65.3%€123,257▼ 25.2%€113,769▼ 7.7%€449,541▲ 295%
Working capital-€57,926--€63,639▼ 9.9%-€52,554below the sector's middle half▲ 17.4%-€40,527below the sector's middle half▲ 22.9%-€45,068below the sector's middle half▼ 11.2%-€28,709below the sector's middle half▲ 36.3%€1,923below the sector's middle half-€105,888below the sector's middle half
Solvency29.6%-36.4%▲ 6.8pp38.7%within the sector's middle half▲ 2.2pp41.2%within the sector's middle half▲ 2.6pp30.0%below the sector's middle half▼ 11.3pp40.5%within the sector's middle half▲ 10.5pp49.5%within the sector's middle half▲ 9.1pp11.3%below the sector's middle half▼ 38.3pp
Current ratio0.49-0.37▼ 0.110.45below the sector's middle half▲ 0.070.54below the sector's middle half▲ 0.090.60below the sector's middle half▲ 0.060.67below the sector's middle half▲ 0.071.02below the sector's middle half▲ 0.350.40below the sector's middle half▼ 0.62
Return on assets (ROA)1.1%-4.7%▲ 3.6pp3.3%within the sector's middle half▼ 1.4pp-1.1%below the sector's middle half▼ 4.4pp9.0%within the sector's middle half▲ 10.0pp6.4%within the sector's middle half▼ 2.6pp13.1%within the sector's middle half▲ 6.7pp-10.8%below the sector's middle half▼ 23.9pp
Staff (FTE)2.2
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €40,820, after a profit of €45,584 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €506,773
Fixed assets
€437,195 ▲ 231%
Current assets
€69,578 ▼ 25.4%
Equity and liabilities €506,773
Equity
€57,232 ▼ 48.8%
Debt
€449,541 ▲ 295%
Debt's share of the balance-sheet total rises from 50.5% to 88.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€13,170▼
2024 · €73,012
Cash flow
-€26,852▼
2024 · €57,031
Debt to equity
7.85▲
2024 · 1.02
ROE
-95.2%▼
2024 · 26.5%
Interest coverage
-0.97▼
2024 · 18.29
Debt ≤ 1 year
€175,466▲
2024 · €91,367
Debt > 1 year
€268,705▲
2024 · €18,352
Income taxes
€165▼
2024 · €11,989
Staff costs
€94,749▲
2024 · €49,004
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 3 |
| full-time | 2 |
| part-time | 1 |
| in full-time equivalents | 2.8 |
| Average over the year, in full-time equivalents | 2.2 |
| On a permanent contract | 3 |
| Joined | 1 |
| Left | 0 |
Source: social balance sheet in the 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | - | - | - | - | €25,000 |
| Mortgage mandates | - | - | - | - | €258,500 |
| Carrying value of the mortgaged assets | - | - | - | - | €304,030 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,780 | €77,414 | €9,410 | €11,803 | €315,193 |
| Intangible fixed assets | - | - | - | - | €17,439 |
| Depreciation and write-downs of the year | €24,680 | €24,832 | €28,912 | €27,428 | €27,650 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 to 2025 · 2 entries · €450 awarded · €450 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €180 | €180 |
| 2024 | 1 | €270 | €270 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €5,049 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €20,474 | €21,054 | €24,934 | €49,004 | €94,749 | ▲ 93.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,240 | €18,892 | €18,753 | €24,680 | €24,832 | €28,912 | €27,428 | €27,650 | ▲ 0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €8,992 | - | - | - |
| Other operating charges640/8 | - | - | - | €1,316 | €1,629 | €1,550 | €1,606 | €2,490 | ▲ 55.1% |
| Non-recurring operating charges66A | - | - | - | - | €2,308 | - | - | - | - |
| Gross operating margin9900 | €27,030 | €33,819 | €44,801 | €48,998 | €83,880 | €87,156 | €123,622 | €84,069 | ▼ 32.0% |
| Operating profit (loss)9901 | €7,284 | €13,982 | €12,253 | €2,528 | €34,057 | €22,767 | €45,584 | -€40,820 | - |
| Financial income75/76B | - | - | - | - | €0 | - | - | - | - |
| Recurring financial income75 | - | - | - | - | €0 | - | - | - | - |
| Financial charges65/66B | - | - | - | €2,909 | €3,295 | €4,211 | €3,992 | €13,517 | ▲ 239% |
| Recurring financial charges65 | €4,672 | €4,657 | €3,166 | €2,909 | €3,295 | €4,211 | €3,992 | €13,517 | ▲ 239% |
| Profit (loss) for the period before taxes9903 | €2,612 | €9,325 | €9,086 | -€381 | €30,763 | €18,556 | €41,592 | -€54,337 | - |
| Income taxes67/77 | €425 | €822 | €2,909 | €1,400 | €9,696 | €5,311 | €11,989 | €165 | ▼ 98.6% |
| Profit (loss) for the period9904 | €2,187 | €8,503 | €6,178 | -€1,781 | €21,067 | €13,245 | €29,603 | -€54,502 | - |
| Profit (loss) for the period to be appropriated9905 | €2,187 | €8,503 | €6,178 | -€1,781 | €21,067 | €13,245 | €29,603 | -€54,502 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €192,424 | €179,886 | €185,409 | €169,531 | €235,244 | €207,055 | €225,503 | €506,773 | ▲ 125% |
| Formation expenses20 | - | €14,760 | €11,070 | €7,380 | €3,690 | - | - | - | - |
| Fixed assets21/28 | €137,287 | €127,297 | €131,910 | €114,700 | €163,651 | €147,838 | €132,213 | €437,195 | ▲ 231% |
| Intangible fixed assets21 | - | - | - | - | - | - | - | €17,439 | - |
| Tangible fixed assets22/27 | €137,287 | €127,297 | €131,910 | €114,700 | €163,651 | €147,838 | €132,213 | €419,756 | ▲ 217% |
| Land and buildings22 | - | - | - | €84,892 | €79,466 | €74,698 | €74,861 | €374,154 | ▲ 400% |
| Plant, machinery and equipment23 | - | - | - | €197 | - | - | - | €2,407 | - |
| Furniture and vehicles24 | - | - | - | €29,611 | €84,185 | €73,140 | €57,351 | €43,195 | ▼ 24.7% |
| Current assets29/58 | €55,137 | €37,829 | €42,430 | €47,451 | €67,903 | €59,216 | €93,290 | €69,578 | ▼ 25.4% |
| Amounts receivable within one year40/41 | €16,632 | €13,589 | €13,913 | €19,209 | €37,312 | €25,004 | €63,990 | €38,453 | ▼ 39.9% |
| Trade receivables40 | - | - | - | €14,509 | €37,312 | €23,404 | €63,990 | €36,866 | ▼ 42.4% |
| Other amounts receivable41 | - | - | - | €4,700 | - | €1,600 | - | €1,587 | - |
| Cash at bank and in hand54/58 | €17,203 | €21,313 | €22,042 | €22,204 | €23,697 | €27,655 | €20,959 | €17,306 | ▼ 17.4% |
| Deferred charges and accrued income490/1 | - | - | - | €6,037 | €6,894 | €6,557 | €8,341 | €13,820 | ▲ 65.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €192,424 | €179,886 | €185,409 | €169,531 | €235,244 | €207,055 | €225,503 | €506,773 | ▲ 125% |
| Equity10/15 | €57,028 | €65,531 | €71,709 | €69,928 | €70,552 | €83,797 | €111,734 | €57,232 | ▼ 48.8% |
| Contributions10/11 | €50,000 | €50,000 | - | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Contributions outside capital11 | - | - | - | €50,000 | - | - | - | - | - |
| Other1109/19 | - | - | - | €50,000 | - | - | - | - | - |
| Reserves13 | €25,442 | €25,442 | €25,442 | €25,442 | €20,552 | €33,797 | €61,734 | €61,734 | = |
| Non-distributable reserves130/1 | - | - | - | €5,000 | €5,000 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €5,000 | €5,000 | - | - | - | - |
| Distributable reserves133 | - | - | - | €20,442 | €15,552 | €33,797 | €61,734 | €61,734 | = |
| Profit (loss) carried forward14 | -€18,414 | -€9,911 | -€3,734 | -€5,514 | - | - | - | -€54,502 | - |
| Amounts payable17/49 | €135,396 | €114,355 | €113,701 | €99,603 | €164,691 | €123,257 | €113,769 | €449,541 | ▲ 295% |
| Amounts payable after more than one year17 | €18,663 | €10,420 | €14,819 | €9,443 | €46,411 | €32,286 | €18,352 | €268,705 | ▲ 15× |
| Financial debts170/4 | - | - | - | €9,443 | €46,411 | €32,286 | €18,352 | €268,705 | ▲ 15× |
| Amounts payable within one year42/48 | €113,062 | €101,468 | €94,984 | €87,977 | €112,971 | €87,925 | €91,367 | €175,466 | ▲ 92.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €5,376 | €13,772 | €14,125 | €13,934 | €26,872 | ▲ 92.9% |
| Trade debts44 | €13,305 | €16,478 | €12,264 | €16,437 | €8,617 | €14,430 | €20,739 | €19,374 | ▼ 6.6% |
| Suppliers440/4 | - | - | - | €16,437 | €8,617 | €14,430 | €20,739 | €19,374 | ▼ 6.6% |
| Taxes, remuneration and social security45 | - | - | - | €9,190 | €22,591 | €10,062 | €16,310 | €23,821 | ▲ 46.1% |
| Taxes450/3 | - | - | - | €6,436 | €19,710 | €6,655 | €9,180 | €11,348 | ▲ 23.6% |
| Remuneration and social security454/9 | - | - | - | €2,754 | €2,880 | €3,407 | €7,130 | €12,473 | ▲ 74.9% |
| Other amounts payable47/48 | - | - | - | €56,974 | €67,991 | €49,308 | €40,385 | €105,400 | ▲ 161% |
| Accrued charges and deferred income492/3 | - | - | - | €2,182 | €5,309 | €3,046 | €4,049 | €5,371 | ▲ 32.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,187 | €8,503 | €6,178 | -€1,781 | €21,067 | €13,245 | €29,603 | -€54,502 | - |
| + Depreciation and write-downs630 | €18,240 | €18,892 | €18,753 | €24,680 | €24,832 | €28,912 | €27,428 | €27,650 | ▲ 0.8% |
| Operating cash flow (approximation) | €20,427 | €27,395 | €24,931 | €22,899 | €45,899 | €42,157 | €57,031 | -€26,852 | - |
| Investment in fixed assets (approximation) | - | -€8,902 | -€23,365 | -€7,470 | -€73,783 | -€13,100 | -€11,803 | -€332,632 | ▼ 2,718% |
| Change in cash | - | €4,110 | €729 | €163 | €1,493 | €3,958 | -€6,696 | -€3,654 | ▲ 45.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,294 companies had the same profile as SOLID IT CONSULTANCY has now. Two years later, 89.6% were still going and 4.1% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
89.6%
was still going
5.9%
stopped otherwise
4.1%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SOLID IT CONSULTANCY itself is lower: 0.4% within 12 months. It rests on far more data about SOLID IT CONSULTANCY than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,294 companies, not a prediction for SOLID IT CONSULTANCY. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 15-06-2026 | 2026-00173492 | |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00465929 | |
| 31-12-2023 | micro format | 28-06-2024 | 2024-00189366 | |
| 31-12-2022 | micro format | 28-06-2023 | 2023-00183486 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20398549 | |
| 31-12-2020 | micro format | 12-03-2021 | 2021-07500295 | |
| 31-12-2019 | micro format | 30-07-2020 | 2020-37000078 | |
| 31-12-2018 | micro format | 31-07-2019 | 2019-42100308 | |
| 31-12-2017 | micro format | 04-05-2018 | 2018-12200111 | |
| 31-12-2016 | micro format | 22-08-2017 | 2017-48100308 |